Electronics Mart India IPO: Electronics Mart India IPO: All you need to know about the issue

NEW DELHI: The Rs 500 crore initial public offering (IPO) of Electronics Mart India (EMIL), is all set to hit the primary markets on Tuesday, October 4, 2022.

Here are key things you should know about the issue.

1. When will Electronics Mart India’s IPO open for subscription?
   Electronics Mart India IPO will open for subscription on Tuesday, October 4, 2022.
2. When will the IPO of Electronics Mart India close for subscription?
   The IPO of Electronics Mart India will close for subscription on Friday, October 7, 2022.
3. What is the price band for Electronics Mart India’s IPO?
   The price band for Electronics Mart India’s IPO has been fixed at Rs 56-59 per share.
4. What is the issue size of Electronics Mart India’s IPO?
   The IPO entirely consists of issuance of fresh equity shares with a face value of Rs 10 each. The company is likely to raise Rs 500 crore via its initial stake sale.
5. What will Electronics Mart India do with net proceeds from the IPO?
   The company intends to utilize the net proceeds from its issue towards capital expenditure, repayment of debt and incremental working capital requirements, other than general corporate purposes.
6. What is the lot size for Electronics Mart India IPO?
   Investors can subscribe to Electronics Mart India IPO by betting on a lot of 254 shares or in multiples thereof. At the upper range of the price band, one lot of the IPO is worth Rs 14,986. A retail bidder can bid for 13 lots at maximum.
7. What is the business profile of Electronics Mart India?
   Incorporated in 1980, Electronics Mart India is the fourth largest consumer durable and electronics retailer in India. It operates and manages 112 stores with a retail business area of 1.12 million square feet, located across 36 cities, predominantly in Andhra Pradesh, Telangana and NCR.
8. What does Electronics Mart India do?
   The company offers a diversified range of products with a focus on large electrical appliances, mobiles and small appliances, IT( services) and others. The company’s offering includes more than 6,000 SKUs (stock keeping units) across product categories from more than 70 consumer durable and electronic brands.
9. How did Electronics Mart India perform in the last year?
   For the financial year 2021-22, it had reported total revenue of Rs 4,349.32 crore with a net profit of Rs 10389 crore. For the period ended June 30, 2022, the company reported a net profit of Rs 40.66 crore with a revenue of Rs 1,410.25 crore.
10. What is the quota reserved for retail investors in Electronics Mart India IPO?
    The quota for retail investors Electronics Mart India IPO is fixed at 35 per cent of the net offer. Qualified institutional buyers quota is fixed at 50 per cent while for NII the quota is reserved at 15 per cent.
11. When will the basis of allotment be finalized for Electronics Mart India’s IPO?
    The finalization of the basis of allotment is likely by October 12, 2022, and the initialisation of refunds is likely by October 13. Meanwhile, credit of shares in the demat account is likely by October 14.
12. On what date will Electronics Mart India IPO list?
    Electronics Mart India is expected to make its market debut on Monday, October 17, 2022.
13. Where could we check Electronics Mart India’s IPO allotment status?
    Those who would bid for the issue can check the subscription status on the online portal of KFin Technologies, the registrar to the IPO.
14. Who are the leading book managers to the issue?
    Anand Rathi Securities, and are the book-running lead managers to the issue.